The post Why Ethereum ETFs Could Spark the Next Major Altcoin Season? appeared first on Coinpedia Fintech News
News of the U.S. SEC’s approval of Ethereum ETFs set off ripples in the crypto community. At the same time, some famous crypto traders and analysts, including Ash Crypto, Sajad, and Virtual Bacon, shared their opinions regarding the implications of such a move for the wider altcoin market. Why ETH Spot ETF Approval Is Bigger …
The post Spot ETFs and Beyond: Why Ethereum is the Next Big Thing for Institutions appeared first on Coinpedia Fintech News
The recent approval of spot ETFs for Ethereum by the U.S. SEC has catalyzed a change in sentiment, setting up ETH as a potential candidate for institutional adoption. What will follow will be the doors opening to significant institutional investment in cryptocurrency, marking a vital milestone. Lindy Effect and Network Effects Ethereum is an almost …
JPMorgan predicts that the newly approved spot Ethereum exchange-traded funds (ETFs) will likely begin trading before the November US presidential elections, citing crypto’s increasing political significance. This outlook follows the US Securities and Exchange Commission’s (SEC) unexpected approval of eight spot Ethereum ETFs on May 23, marking a notable shift from the previous skepticism surrounding […]
The post JPMorgan sees spot Ethereum ETFs trading before 2024 elections amid political gains appeared first on CryptoSlate.
Ethereum’s (ETH) price has failed to make any significant rally following the Securities and Exchange Commission’s (SEC) approval of the Spot Ethereum ETFs. This is undoubtedly surprising, given that the approval was expected to spark a massive price surge for the second-largest crypto token. Why ETH’s Price Has Failed To Rally Ethereum’s price may have […]
The post Why Ethereum ETFs May Not See the Same Success as Bitcoin ETFs appeared first on Coinpedia Fintech News
Following the news of the approval of Ethereum spot ETFs, Bloomberg Intelligence ETF analyst Eric Balchunas has dampened expectations. Balchunas said he expects Ethereum ETFs to gather just 10-15% of the assets Bitcoin ETFs have accumulated. Institutional Interest Remains Low for Ethereum A string of signs suggests Ethereum’s institutional interest is much weaker than Bitcoin’s. …
The post Ethereum ETF Approval Causes $350 Million in Liquidations appeared first on Coinpedia Fintech News
Crypto prices experienced wild swings on Thursday as traders awaited the U.S. regulatory decision to list spot-based Ether ETFs. Ethereum (ETH) declined to $3,500 before surging to around $3,900, and finally stabilizing above $3,800 following the confirmation of the approval. Similarly, Bitcoin (BTC) dropped to the low $66,000s before peaking at $68,300, later stabilizing below …
BlackRock's spot Ethereum ETF, $ETHA, is now listed on DTCC following SEC's approval of multiple Ethereum ETFs.
The post BlackRock’s Ethereum spot ETF listed on DTCC under ticker $ETHA appeared first on Crypto Briefing.
A bipartisan group of US lawmakers advised the Securities and Exchange Commission (SEC) in a May 22 letter to approve spot Ethereum exchange-traded funds (ETFs). The letter signatories included Financial Committee Vice Chairman Rep. French Hill, House Majority Whip Tom Emmer, and Representatives Josh Gottheimer, Mike Flood, and Wiley Nickel. Ethereum ETF In the letter […]
The post Bipartisan push for Ethereum ETF gains momentum in Congress appeared first on CryptoSlate.
Regulatory concerns force Ether ETF issuers to abandon staking plans, sparking conflicting community views and discussions on investor appeal.
The post Ethereum ETF S-1 Registration Discussions Begin: SEC Sparks Market Optimism appeared first on Coinpedia Fintech News
The SEC’s upcoming decision on the Ethereum ETF is significant. If approved, it would mean easier access, greater legitimacy, increased liquidity from institutional funds, and clearer regulations. Even if rejected, the consideration itself is positive, suggesting acceptance is on the horizon. So, it’s not a matter of ‘if’ but ‘when’. Let’s hope that ‘when’ is …
Eleanor Terrett revealed that the SEC had started discussions with Ethereum ETF issuers regarding S-1 forms on May 22.
With the SEC expected to decide by May 23 whether to approve or disapprove a spot Ether exchange-traded fund, three asset managers amended their 19b-4 filings.
The SEC’s decision on VanEck’s spot Ether ETF application is due by May 23, and experts believe the recent debate over Ether’s status as a security could hamper its chances.
The post Ethereum ETF Hopes Boost Ether Call Options appeared first on Coinpedia Fintech News
Amid renewed hope in the market over the potential Ethereum ETF approval, ether call options are now more expensive than put options for all expiries, signifying a bullish outlook. Traders are willing to pay more for calls than puts, particularly for options expiring at the end of June and beyond. This indicates a bullish market …
VanEck’s ETF is currently designated inactive on the DTCC website, meaning it cannot be processed until it receives the necessary regulatory approvals
In a significant departure from their previous skeptical stance, US regulators are reportedly leaning toward approving the long-awaited spot Ethereum ETFs for the second-largest cryptocurrency by market capitalization. SEC Staff Signals Spot Ethereum ETFs Approval According to a report by Barron’s, the US Securities and Exchange Commission (SEC) staff communicated to exchanges on Monday that […]
Officials reportedly contacted the Nasdaq, the Chicago Board Options Exchange and the New York Stock Exchange to make updates and changes to existing spot Ether ETF applications.
The post SEC’s Unexpected Move Sparks Ethereum ETF Approval Speculation appeared first on Coinpedia Fintech News
The cryptocurrency space is abuzz with speculation, as the United States Securities and Exchange Commission has asked Nasdaq and CBOE to update their applications for listing spot Ethereum ETFs. This unexpected move might hint that the SEC is on the verge of approving these filings. SEC Calls for Accelerated Updates On Monday, the SEC asked …
The post Grayscale’s Ethereum ETF Approval Looms with Mini Trust Launch appeared first on Coinpedia Fintech News
Grayscale’s Bitcoin Trust witnessed immense outflows over the spot BTC ETF approval, however, a potential Ethereum ETF approval might not turn out to be similar. The chances of a likely approval of Ethereum ETF approval on May 23 is placed at 75% as per Bloomberg analysts. However, Grayscale has announced details about the Grayscale Ethereum …
The post Ethereum ETF Verdict on Horizon: Will Security Concerns Be Looked at? What to Expect from SEC’s Upcoming Decision appeared first on Coinpedia Fintech News
The U.S. SEC is nearing crucial deadlines for decisions on VanEck and ARK’s spot Ethereum exchange-traded fund (ETF) applications, set for May 23 and May 24, respectively. With the SEC approving several spot Bitcoin ETFs in January, speculation is rife that Ethereum ETFs could receive similar treatment. A denial of VanEck’s application may set a …
The post Ethereum Open Interest Reaches $14B High appeared first on Coinpedia Fintech News
Ether futures open interest has hit a record high of $14 billion, signifying increased market activity. Interestingly, this rise in Ether open interest coincides with Ethereum’s price surge to $3,650, an increase of 18% in the last 24 hours. The increased chances of a possible Ethereum ETF approval have fueled this bullish outlook on Ethereum. …
The post Why Could Ethereum ETF Trigger a Larger Crypto Bull Run Than Bitcoin ETF? appeared first on Coinpedia Fintech News
The crypto community is filled with speculation and expectancies as the SEC speeds up the review of Spot Ethereum ETFs. We explained how the approval of Ethereum ETFs would greatly impact Ethereum and the wider crypto market. In May, the crypto market priced in denial and even the possibility of Ethereum being labeled a security. …
The SEC is set to decide on Van Eck's Ethereum ETF by May 23, with market expectations leaning towards rejection amid regulatory uncertainty.
The post Fund managers predict SEC rejection of Ethereum ETFs next week appeared first on Crypto Briefing.
A prominent figure in the crypto space revealed he has sold all his Bitcoin (BTC) holdings in favor of Altcoins. In an X post, the market expert claimed to still have faith in the flagship cryptocurrency and explained what he did and the reasons why. Related Reading: Spot Bitcoin ETFs Record Third Day Of Massive […]
Ethereum (ETH), the second-largest crypto by market capitalization, has recently shown signs that suggest a potential rebound is on the horizon. Analysts have been closely monitoring various technical indicators, and one such analyst, Ali, has highlighted a key signal that points to an impending price surge. Related Reading: Ethereum Price Anticipates Upside Break To Shift Sentiment Towards Bullish TD Sequential Signals Buy As Ethereum Eyes Recovery According to Ali’s social media platform X analysis, the TD Sequential indicator on Ethereum’s daily chart has issued a strong buy signal, hinting at a possible upward movement lasting one to four candlesticks. The TD Sequential presents a buy signal on the #Ethereum daily chart! It anticipates that $ETH could see a rebound of one to four candlesticks. pic.twitter.com/Vg7FTl9X2a — Ali (@ali_charts) May 15, 2024 This positive outlook is supported by Ethereum’s recent performance, which increased the asset by 2.3% over the last 24 hours. However, Ethereum remains below the critical $3,000 mark. Despite the optimistic technical signals, external factors such as regulatory challenges could influence Ethereum’s trajectory. Specifically, the potential decline of the spot Ethereum ETF application with the US Securities and Exchange Commission (SEC) is a concern, as analysts like Eric Balchunas of Bloomberg suggest that the SEC’s view of ETH as a security could significantly lower the chances of ETF approval. TLDR: the SEC asked commenters re the Eth spot ETFs whether these filers have properly filed their ETF listing proposals as commodities. This shows the SEC is perhaps considering to Eth is a security in their denial. Our odds of approval remain the same: slim to none. Nice job of… https://t.co/g9HGPzGyOp — Eric Balchunas (@EricBalchunas) May 14, 2024 Market Sentiments And Options Trading Trends While the regulatory landscape presents challenges, market sentiment around Ethereum remains largely bullish. The options market, in particular, shows a clear preference for calls over puts, indicating that traders are betting on Ethereum’s price increase. Data from Deribit, a leading crypto options exchange, reveals that the most popular strike price among these bullish bets is an ambitious $6,500. This concentration of call options, especially those above the $3,600 mark, suggests that a significant portion of the market expects Ethereum to reach higher levels by the end of June. In contrast, According to a recent NBTC analysis, Ethereum’s failure to breach the $2,925 resistance level could trigger another price decline. Initial support is located near the $2,880 level, followed by major support at the $2,860 zone. Related Reading: Bitcoin, Ethereum, And Solana: Galaxy Digital CEO Predicts Next Market Movements Should Ethereum break below $2,810, it could potentially fall towards the $2,740 mark, and further losses might push the price down to $2,650 in the near term. Featured image from Unsplash, Chart from TradingView
ARK Invest updates its spot Ethereum ETF application, removing staking to potentially comply with SEC guidelines.
The post ARK Invest removes staking feature from its Ethereum spot ETF filing appeared first on Crypto Briefing.
The BitMEX co-founder says the current phase of price consolidation is ideal for accumulating crypto before macroeconomic factors trigger the next leg up in the bull market.
An SEC approval for spot ETH ETFs looks unlikely but even if the SEC approves exchange traded funds for Ether, investors should learn about total return ETH investment products. That way, they can gain from staking rewards as well as the underlying asset, says Jason Hall, the CEO of Methodic Capital Management.
Bitcoin could continue its decline below the $60,000 psychological mark after the debut of Hong Kong ETFs proved to be a sell-the-news event.
Insiders expect the SEC to deny spot Ethereum ETF applications, citing unproductive meetings and a lack of engagement on the agency's part.
The post SEC likely to reject Ethereum spot ETF applications, insiders say appeared first on Crypto Briefing.